Edelweiss Tokio vs Reliance Life
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Edelweiss Tokio Life vs Reliance Life Insurance 2024

Edelweiss Tokio and Reliance Life both are one of the top life insurance providers in India. Both the companies offer comprehensive life insurance plans offering life cover from 10 to 99 years of age. The product portfolio of both of them is vast and caters to unique needs of the customers. The claim settlement ratio of Edelweiss Tokio is 98.09% whereas Reliance Life has 98.67% CSR for the FY 2022-23. The companies provide benefits such as high sum assured, flexible premiums, customizable coverage, rider benefits, options for premium payment terms, maturity benefits, online discounts, non-smoker discounts and various plan options to choose from.

PLAN DETAILS Edit Edelweiss Tokio

Edelweiss Tokio

Edit reliance-life

Reliance Life

Number of life insurance plans and add-ons
Entry Age (Min-Max) 18 to 65 years 18 to 65 years
Policy Term 10-62 years 5-40 years
maturity Age (Min-Max) 28-70 years 10-70 years
Claim settlement ratio (CSR) 98.09% 98.67%
Asset under managment (AUM) 78642 Crores 30000 Crores
Solvency ratio 2 2.3
Policy Type
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 15 Lakh
  • Maximum- No Limit
  • Minimum- 5 Lakh
  • Maximum- No Limit
Optional Additional Riders
  • Accidental death and disability rider
  • Accidental death and disability plus rider
  • Family income benefit rider
  • Accidental death benefit rider
  • Critical conditions rider
  • Accidental death and disability rider
  • Accidental death and disability plus rider
  • Family income benefit rider
  • Accidental death benefit rider
  • Critical conditions rider
Number of term plans 5 3
Exclusions Suicide or self inflicted Injury Suicide or self inflicted Injury
Death Benefit Yes Yes
Survival Benefit Yes Yes
Claims procedure Both (Online+offline) Both (Online+offline)
Type of the insurer Private Private
Online buying facility for life plans Yes Yes
Premium payment options Single/limited/Regular Single/limited/Regular
Online claim facility Yes Yes

Life Insurance Companies

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Edelweiss Term Insurance Plans

Edelweiss Tokio Life Saral Jeevan Bima

A simple term insurance plan to cover your family with a limited pay option, tax benefits and flexible policy terms.

Unique Features

  • Life Cover
  • Flexible policy term
  • Tax Benefit

Saral Jeevan Bima (Pros)

  • Available for Online Buying
  • Choose To pay Premium Once
  • Max Sum Assured 50L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Edelweiss Tokio Life Zindagi Plus Plan

A term insurance plan that covers COVID-19 death claims offers additional life cover to your spouse in your absence and discounts on high sum assured.

Unique Features

  • Return of Premium Option
  • Flexible Death Benefit Payment
  • Early Exit Benefit

Zindagi Plus Plan (Pros)

  • 4 Add-On Riders
  • Suicide Claim
  • Convertible Premium Paying Term

Zindagi Plus Plan (Cons)

  • No Loan Benefit
  • Reduced Paid-up Benefit
  • No Surrender Benefit For Life Cover

Zindagi Plus Plan (Other Benefits)

  • Better Half Benefit
  • Critical Illness Rider
  • Life-Hospital Cash Benefit Rider

Zindagi Plus Plan (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - 5 to 25 Years

Edelweiss Tokio Zindagi Protect

The plan offers life cover up to 100 years with a ROP option. It comes with a discount on the first-year premium for early medical examination completion.

Unique Features

  • Child's Future Protect Benefit
  • Premium Break Benefit
  • Discount on 1st Year Premium

Zindagi Protect (Pros)

  • Increased SA at Key Life Stages
  • Non-forfeiture Benefits
  • Guaranteed Sum Assured on Maturity

Zindagi Protect (Cons)

  • No Survival Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Zindagi Protect (Other Benefits)

  • Multiple Rider Options
  • Critical Illness Rider SA ≥ 50 Lakhs
  • Flexible Enhancements

Zindagi Protect (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 80 Yrs
  • Premium Payment Term-RP/SP/LP

Edelweiss Tokio Total Protect Plus

Provides all-round financial protection to your family in your absence. It also provides coverage to your better half in the same plan at a little extra cost.

Unique Features

  • Return of Premium Option
  • Flexible Death Benefit Payment
  • Early Exit Benefit

Total Protect Plus (Pros)

  • Convertible Premium Paying Term
  • 4 Add-On Riders
  • Suicide Claim

Total Protect Plus (Cons)

  • No Loan Benefit
  • Reduced Paid-up Benefit
  • No Surrender Benefit For Life Cover

Total Protect Plus (Other Benefits)

  • Better Half Benefit
  • Critical Illness Rider
  • Life-Hospital Cash Benefit Rider

Total Protect Plus (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - 5 to 25 Years

Reliance Term Insurance Plans

Reliance Nippon Life Protection Plus

The plan provides a lump sum benefit payout upon death with a 5% annual increment and a maximum cap of 100% of the chosen Base Sum Assured.

Unique Features

  • Level Cover Plan Option
  • Top-up Benefit Option
  • Option to Reduce Base SA

Protection Plus (Pros)

  • Customizable Protection
  • Enhanced Coverage Benefit
  • Cheaper Premiums for Healthier Lifestyles

Protection Plus (Cons)

  • No Maturity Benefit
  • No Policy Loan
  • Surrender Value Only Applicable For Whole Life Cover

Protection Plus (Other Benefits)

  • Level Cover Plus Income Option
  • Whole of Life Cover Plan Option
  • 4 Plan Options

Protection Plus (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 25 L
  • Premium Payment Term - RP
  • Maximum Maturity Age - Adaptable

Reliance Nippon Life Saral Jeevan Bima

Reliance Life Saral Jeevan Bima is a standard term plan that looks after your family's financial needs by paying a lump sum after your demise.

Unique Features

  • Future Proofing Benefit
  • 100 % Death Benefit
  • Max Sum Assured 25 Lakh

Saral Jeevan Bima (Pros)

  • Available For Online Buying
  • Spouse Cover
  • Max Sum Assured 25 Lakh

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Easy Claim Settlement Processn
  • Avail Tax Benefits
  • Flexible-Premium Payment term

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured-5 L
  • Maximum Maturity Age- NA
  • Premium Payment Term-RP/SP/LP(5&10 Years)

Reliance Nippon Life Surakha

The plan offers a return of 105% of the Total Premiums Paid and includes optional riders for added protection.

Unique Features

  • 5 Plan Variants
  • Monthly Income Payout
  • Accidental Death Benefit

Reliance Nippon Life Surakha (Pros)

  • Early Return of Premium
  • 4 Rider Options
  • Life & Health Variant Available

Reliance Nippon Life Surakha (Cons)

  • 12 Months WP for Suicide
  • No Policy Loan
  • No Surrender Value For Life & Health Variant

Reliance Nippon Life Surakha (Other Benefits)

  • Special Surrender Value
  • Critical Illness Benefit
  • Life Accidental Death and Disability Plus Rider

Reliance Nippon Life Surakha (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - RP, LP (10/15 Years)

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.